VIENNA, VA, January 29, 2013 – VirPack, a leading provider of document management and Delivery solutions for the mortgage industry, marks 15 years in business this month by reaffirming its commitment to simplifying the mortgage process through its best-in-class paperless solutions.
VirPack president and CEO Michael J. Coar Jr., a veteran of the mortgage industry, founded the company in 1998 with the mission to provide a document management platform with built-in Delivery designed specifically for mortgage bankers. As the industry evolved, so did VirPack. Today, VirPack offers solutions tailored for retail, wholesale and correspondent lending with one-click Delivery to over 20 partners, including investors, HUD, QC and due diligence providers, and subservicers. Further, VirPack’s award-winning technology continues to offer innovative solutions and user functionality based directly on client feedback.
“Sharing our passion for paperless was our goal the day we founded VirPack, and this milestone and celebration of 15 years is largely due to the support and partnership we have nurtured with our clients and partners over the years. For that we are grateful,” Coar said.
“We applaud VirPack on celebrating 15 years; it’s a tribute to the dedication the VirPack team has to delivering the best in paperless technology solutions to the mortgage industry,” said John Petraglia, senior vice president, First Savings Mortgage Corp. “We first partnered with VirPack in 2005 and their willingness to go the extra mile is just one reason they are celebrating this great achievement of 15 years in business.”
VirPack continues to experience consistent and steady growth including a double-digit growth in revenue and client facing staff in 2012. VirPack fully understands the complexity of the mortgage industry and delivers what no competitor can match: Superior service, technological expertise, and extensive mortgage industry experience.
“As the mortgage industry continues to evolve, VirPack will keep enhancing our platform on behalf of our clients. We look forward to sharing our passion for paperless for another 15 years and beyond,” Coar said.
VirPack is the leading provider of document management and Delivery solutions for the mortgage industry. Founded in 1998, VirPack has pioneered many industry firsts and on-boarded virtually every major investor. VirPack’s award-winning technology drives the industry’s premier Delivery solution and its end-to-end paperless platform, Document Management and Delivery System. VirPack simplifies business processes throughout every step of the loan process resulting in increased efficiencies and significant enterprise-wide cost savings. Additional information may be found at www.virpack.com